NYLI MacKay High Yield Corp Bond Cl R3 (MHYTX)
| Fund Assets | 11.11B |
| Expense Ratio | 1.34% |
| Min. Investment | $15,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 5.55% |
| Dividend Growth | -1.29% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 5.26 |
| YTD Return | 3.65% |
| 1-Year Return | 4.68% |
| 5-Year Return | 64.83% |
| 52-Week Low | 5.03 |
| 52-Week High | 5.28 |
| Beta (5Y) | n/a |
| Holdings | 649 |
| Inception Date | Feb 29, 2016 |
About MHYTX
NYLI MacKay High Yield Corporate Bond Fund Class R3 is an open‑end mutual fund focused on below‑investment‑grade corporate credit. Its primary objective is to generate maximum current income, with capital appreciation as a secondary goal, by investing predominantly in a diversified portfolio of high‑yield corporate bonds across U.S. and international issuers. The strategy is managed by MacKay Shields, whose team employs bottom‑up fundamental credit research combined with a disciplined relative‑value framework and risk‑management processes to evaluate issuers, structure positions, and navigate credit cycles. The fund typically maintains broad sector exposure, reflecting the high‑yield market’s mix of cyclical industries such as energy, telecommunications, consumer discretionary, and industrials, while emphasizing credit selection as the main driver of returns. Within the high‑yield bond category, it is positioned for income generation with characteristics such as low to limited interest‑rate sensitivity and an intermediate effective duration profile, aligning the portfolio more closely with credit risk than rate risk. This share class is designed for retirement platforms, pairing institutional‑style research depth with diversified access to high‑yield corporate debt markets.
Performance
MHYTX had a total return of 4.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.87%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
9.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollar | n/a | 4.23% |
| Great Outdoors Group, Llc | n/a | 0.87% |
| TransDigm, Inc. 6.375% | TDG.6.375 03.01.29 144A | 0.70% |
| Saks Global Enterprises LLC 11% | SAGLEN.11 12.15.29 144A | 0.58% |
| Clarivate Science Holdings Corp. 4.875% | CLVTSC.4.875 07.01.29 144A | 0.56% |
| Mercer International Inc. 5.125% | MERC.5.125 02.01.29 | 0.54% |
| Jane Street Group LLC / JSG Finance Inc. 7.125% | JANEST.7.125 04.30.31 144A | 0.53% |
| Sprint Capital Corporation 6.875% | S.6.875 11.15.28 | 0.53% |
| Talen Energy Supply LLC 8.625% | TLN.8.625 06.01.30 144A | 0.52% |
| Innophos Holdings, Inc. 11.5% | IPHS.11.5 06.15.29 144A | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0249 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0264 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0244 | Jun 30, 2025 |
| May 29, 2025 | $0.025 | May 30, 2025 |
| Apr 30, 2025 | $0.0252 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0244 | Mar 31, 2025 |